Twitter Inc TWTR Co-founder and former CEO Jack Dorsey Plans to create a new decentralized network centered around it Bitcoin Bitcoin / US Dollar.
with him block you mint Dorsey subsidiary TBD aims to build Web5 based on Bitcoin and believes it will play an integral part in the evolution of the Internet.
After Dorsey’s announcement, Twitter is bullish on talking about the idea. One of his followers, Namcios, tweeted about to be announced later on And the web 5.
1 / Jack Dorsey @TBD54566975 The unit announced that it is building “Web5”.
This new decentralized web raises # bitcoin To bring back users’ control over their data and identity – once and for all.
Here’s a thread with everything you need to know… pic.twitter.com/TpW8OvuyKX
– Namsios (Namsios) June 10, 2022
Others in the crypto community also spoke about the plan on Twitter. For example, user @wandrinstar tweeted that if Bitcoin can build web5, then Dogecoin dog / dollar can create web 69 like that.
If Jack and Bitcoin can create web5, Dogecoin can create web69
– Wandrinstar (wandrinstar) June 10, 2022
Dorsey asked in response Tesla Corporation TSLA Executive Director Elon Muskreaction.
Your movement Tweet embed
– Jack (@jack) June 10, 2022
Musk, who has been a staunch advocate of the meme coin, responded with a fire emoji.
web69 is 🔥🔥
– Elon Musk 11 June 2022
Musk’s support for Dogecoin continued even as the cryptocurrency’s price dropped to new 52-week lows. Last month, he announce On Twitter, SpaceX merchandise will soon be available on Dogecoin.
DOGE traded at $0.0662 on Sunday morning, down about 9% in the past 24 hours.
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